I currently work as a freelancer and I've just started a business and there's another one coming up soon. Do I need to submit these separately with deductions relating to each business or can I submit them as one? Can income from one stream bankroll and help build up another?
I'm also considering registering for Turnover Tax, but I need some clarity on the above before I go ahead with it.
I got a new job and the new company is paying me one month's salary as relocation allowance. I understand that this is taxed, but can I have any tax deductions if I can prove actual relocation expenses?
Good Day. During 2016/2017 my wife stayed with me before we got married. We both had doctors visits but I did not have a medical aid yet. Can the doctor's fees be deducted from my tax? She also got pregnant with my child and we had monthly check ups.
Good day, SARS owes me money, had to go through the ombudsman to prove this, successfully did so however, SARS now requires that I prove that I actually did pay an amount I owed 2 years back before they refund me. My question is: is that even legally allowed/required of me or is it foul play from SARS? Thank you for your assistance
SARS say they upgraded their system and have now seen i did not file a tax return in 2009,2010 and have fined me for each year. Both years i was under the threshold but they are insisting i file these returns. I do not have the IRP5 anymore and the company no longer exists. They advised that I open the return on efiling and can then submit as it should have all the info, I have done this but there is no earning/medical aid information etc. How do i resolve this now as both returns are now sitting open on efiling and i am getting fined R250 per month now that i do not resubmit....
I'm renting out property in Cape Town and I stay in Johannesburg. When travelling down to Cape Town for maintenance/inspections purposes, do I claim the actual petrol money spent or the SARS rate of R3.29?
I wanted to enquire approximately how much it would cost for me to do my Tax Returns? Just an estimation. It would be just for me. Straight forward Gross Salary plus medical aid. No other claims such as commission, mileage, petrol etc.
I am full time employed but I have earned additional income by lecturing a couple of hours during the year at a different employer. This employer did not deduct any PAYE. The employer has paid me according to the hours that I have invoiced them. Should I answer the question about whether I'm an Independent Contractor as "Yes"?
Please assist on the below as I cannot find additional information within the current questions on your blog:
While not a monthly expense - it is mentioned that any expenses incurred in earning the rental property income can be set against the rental income for tax purposes. Does the following apply to that reasoning:
1. Installation of Prepaid electricity meter (about R1400) 2. Separating the electricity flows for sectioning off the electricity for the rental portion of the property to the main house (we only renting...
I have earned rental income from renting out a room in our house. How do I calculate the electricity, rates and taxes (and bond interest) deductible against this income? The room does not have a separate electricity meter, and also keeping in mind that we use prepaid electricity.
I was retrenched April 2014 but continued paying for my medical aid in my personal capacity. I only claimed for out of pocket medical expenses and not what I paid in my private capacity. I'm not sure If I could claim for that and if I can now with 2017 submission claim for 2014 / 2015 medical expenses.
I've submitted my tax return and I'm due a refund, without any audit done. However, SARS said I need to delete two of my three banking details as they wouldn't know where to pay the refund. On the correct banking details it has a status 'Outgoing', is this fine or should I continue to delete the old banking details? And will this delay the refund due to me?
Can I claim for the medical premium that I pay for my parents? We help them financially with medical aid and other costs on a monthly basis. They are not dependents of our own medical aid - we just pay their Discovery medical aid premium.
Are bank costs allowed to be deducted against rental income. Also what is teh limit here - the FICA rate is R59pm fee, but some banks include it in the monthly bank facility fee say R200pm - is the 200 claimable? Older posts →1234567891011121314151617181920